Trump Weighs Fed Chair Powell's Future Amid Justice Department Investigation

U.S. President Donald Trump stated he currently has no plans to remove Federal Reserve Chair Jerome Powell despite a Justice Department criminal investigation into cost overruns on a Fed renovation project. Powell denies wrongdoing and remains in his role, with his term ending in May but eligible to stay on the Board until 2028. Trump is considering successors, including Kevin Warsh and Kevin Hassett, and plans to announce a nominee in the coming weeks amid debate over Fed independence and Senate confirmation challenges.